Uzbekistan, IFC Discuss Expanding Mutually Beneficial Co-Op

9/14/2024 3:08:29 AM

(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, September 14. Uzbekistan and the International Finance Corporation (IFC) discussed strengthening and expanding mutually beneficial cooperation, Trend reports.

The matter was reviewed during a meeting between Uzbekistan's Deputy Prime Minister, Minister of Economy and Finance Jamshid Kuchkarov, and representatives of the IFC delegation headed by the Director for Türkiye and Central Asia regions, Wiebke Schlomer.

During the meeting, the parties discussed cooperation in the area of public-private partnership, in particular on projects implemented in the area of modernization of electric power networks, education, healthcare, transport, and water management.

The representatives of the IFC noted the importance of the Uzbek president's resolution,“On measures to develop public-private partnerships in Uzbekistan for 2024–2030”.

In addition, the sides also reviewed current trends in the field of privatization, including the expansion of privatization processes of SOBs and SOEs and the development of the electric vehicle industry and infrastructure in Uzbekistan.

At the end of the meeting, the parties agreed to conduct systematic activities and increase efficiency in achieving their goals.

Earlier, Uzbekistan and the IFC joined forces to strike a new deal that aims to grease the wheels of the country's legal and regulatory frameworks, making it more enticing for foreign direct investment (FDI) to flow in and give a boost to economic growth.

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